Oil refineries in Romania have found an alternative to Russian oil, given that the embargo on Russian oil products takes effect in December, Energy Minister Virgil Popescu has announced. According to the Romanian Minister, given the current context on the gas market, OMV Petrom, the largest energy company in South-East Europe and Romgaz, Romania’s the largest producer and main supplier of natural gas, should announce this year the decision of investing in gas extraction in the Neptune Deep perimeter in the Black Sea. Also, the gas pipe connecting Greece to Bulgaria, to become operational on October 1st, will allow Romania to transport gas from Azerbaijan, Virgil Popescu has also said.